$8,000,000,000 in “aid”, mostly to FEMA, for Hurricane Harvey relief, and included a 3-month debt ceiling extension. The US has successfully stalled in facing reality yet again, but gold & silver refusing to stay down!

Hitting the tape is the House passing the Hurricane Harvey aid package with included debt ceiling extension. The senate has yet to vote:

And while everybody is jumping to conclusions, gold & silver are refusing to stay down:

 

 

There is only so long they can delay the inevitable.

And according to Zero Hedge, this is not a sign of unity in Washington all of the sudden:

It appears President Trump has found a new ally in Congress: the Democrats whose plan – derided earlier by Paul Ryan – to keep any ‘fix’ for the debt-ceiling, short-term; was approved over the Republicans’ howls of objection.

As The Hill reports, President Trump agreed with top congressional Democrats say at a White House meeting to fund the government and raise the debt ceiling through Dec. 15. over the objections of GOP leaders.

“In the meeting, the President and Congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution both to December 15, all together,” Senate Minority Leader Charles Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) said in a joint statement.

 I am told by multiple sources Rs are furious. The Democratic ploy — to keep debt limit short term — worked. It took just a few hours.

 TRUMP also agreed to extend government funding until December 15, setting up a wild final month of the year.

 TRUMP agrees to 3-month debt limit increase in meeting w hill leaders. All GOP leaders were opposed, per multiple sources.

 TO BE CLEAR: Debt limit, govt funding expires 12/15. Ryan, McConnell, McCarthy were all opposed. Trump, Pelosi, Schumer were on same side.

 What just happened at the White House is what Republicans have been complaining about for months.

 On many occasions, Rs have felt like they have a plan. Then Trump will hear something else, and he’ll agree, blowing up the GOP framework

 On this occasion, Democrats feel like they’ve just completely rolled him. Now the debt ceiling will be a threat at least 1 more time in 2017 and Dems — looking to extract a win on DACA — have a host of must-pass bills in the hopper in 3 months. Rs think this is the worst outcome

 

 

  1. Yea, normally news like this would be good for a drop of at least $20 initially, which would then be parlayed into cascading non-confidence. Doesnt seem to be happening at the moment.

    Miners been getting dumped on all day

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